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July 2, 2019

Law & Order

New law makes it illegal to start walking on the countdown timer

New law makes it illegal to start walking on the countdown timer

A new law based around crosswalks was established Hawaii, that came into practice this Monday states that a pedestrian cannot legally step foot on a crosswalk while there is a countdown timer being flashed. What is the penalty which a person who violates this law going to face? A fine which can be up to a hundred and thirty dollars. The captain of the Honolulu Police Department, Ben Moszkowicz said that what this law essentially did was to actually clarify what has already been the rule for years.

Ben supported the law, saying that “The only safe and appropriate time for you to begin crossing the street is when you see either the white upraised palm or you see the picture of the man walking.” He further elaborates, “What the law does (is that) it clarifies if you’re already in the intersection when the countdown timer begins, then you should have enough time and it’s legal for you to continue crossing.”

The law was passed by the legislation to curb the number of pedestrians losing their lives on the streets of Hawaii. It came as a response to the 43 pedestrian deaths in 2018 compared to 15 in 2017.

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Real Estate

Soaring Manhattan real estate sales could be a mirage

Soaring Manhattan real estate sales could be a mirage

Sale of real estates in the state of Manhattan experienced a rise for the first occasion in over one and a half years, however this rise is unlikely to stay around for long by any means. The sales volumes for Manhattan based real estate grew by about thirteen percent during the second quarter of the year, as per reports made by Miller Samuel and Douglas Elliman. The median price which an apartment sold in Manhattan fetched a record $1.2 million, though the average price of the apartment sales stayed at $2.1 million.

This has been widely welcomed and cheered by real estate developers as well as brokers, as Manhattan real estate sector went from registering losses for six straight financial quarters to registering a positive highlight this year. This is being advertised as a turnaround in terms of sales for the real estate sector of Manhattan. However, the experts in the field are aware that the real cause of the surge in amount of sales is in reality, taxes.

New York launched a new mansion tax on July 1st. This law adds tax between 0.25 percent to 4 percent for sales which are worth $2.5 million or higher. This is why many big money buyers rushed to buy their properties in the second quarter instead of the third quarter and hence save up on taxes. But experts believe that this will come back to bite the real estate sector due to an underperforming third quarter on cards.

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Crypto

Crypto News: Twitch Enables Bitcoin Payments

Crypto News: Twitch Enables Bitcoin Payments

Twitch is slowly starting to tolerate Bitcoins as a way to make transactions again, as per reports from Blockonomi. The huge video-game streaming platform had recently enabled clients to pay for memberships by using the prominent digital currency of Bitcoins. However, that component was scrapped from the platform not long ago at the beginning of this year. Presently, it appears, the capacity to make payments with Bitcoin has been enabled – at the very least in a portion of Twitch’s marketplace.

BitPay, a transaction processor that changes over the digital crypto currency into fiat cash, is supposedly preparing to handle the Bitcoin transactions, as indicated by Blockonomi. So in spite of the fact that Twitch is probably not going to get real Bitcoins, a standout amongst the most prominent gaming stages on the planet is empowering Bitcoin-based transactions. This is another noteworthy advance toward regularisation of acceptance for crypto currencies.

What makes this more exciting is the fact that the owners of Twitch are Amazon.com, the e-commerce giant. This raises the possibility that perhaps over time Amazon would accept Bitcoins too. Such an event is an exciting development for supporters of crypto currencies as a giant like Amazon can make other companies be more willing to join the group of companies which are slowly opening up to Bitcoins.

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Business & Trade

Trump says renewed trade talks with China have ‘already begun’

Trump says renewed trade talks with China have 'already begun'

U.S. President Donald Trump made an announcement on Monday regarding trade talks with China, which were left on halt since a rift between the two nations in May. Trump claims that the talks have “already begun” after he held a meeting with the Chinese President, Xi Jinping at the G-20 summit held over the last weekend at Japan. About the trade talks, President Trump said, “They’re speaking very much on the phone but they’re also meeting. Yeah, it’s essentially already begun. It actually began before our meeting (at the G-20 Summit).”

US president Donald Trump held a meeting with China’s president Xi Jinping along the lines of the G-20 Summit held recently in Japan on Saturday. Trump announced that even though the current tariffs will still be in force, there will be a pause on any new tariffs for a while.

The resumed trade talks were being had through phone, Trump informed reporters who arrived at the Oval Office. He also added that any deal which is being discussed between the two huge economies would have to lean a bit towards the interests of the United States. Trump holds the belief that the ample trade surplus which China has over the United States for years should be a reason for which any potential deal made in relation to the mutual trade and tariffs with Beijing “has to be a deal that is somewhat tilted to our advantage.

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